525/750 Bourke Street, Docklands VIC 3008

Rising market above list | Small apartment high supply area | Rental yield below premium returns | Long hold since 2003 no recent sale history This unit is priced below its estimated value range, which suggests either a motivated seller or a reflective discount for a small one-bedroom in a precinct with concentrated apartment supply. The rental return is functional but not exceptional for Docklands, and capital growth will likely trail houses or larger units in tighter suburbs. For an investor, this works best as a stable cash-flow hold, not a flip. For an owner-occupier, the amenity package offsets the modest floorplan. The Convesso building’s full resort facilities and the 59m² floorplate with a balcony and recent renovation give this property a competitive edge over the many smaller, dated units in the same postcode. The location in central Docklands near commercial hubs suits a professional tenant or buyer who prioritises transport and convenience over space. Given the price gap to estimated value, a buyer able to negotiate further or hold patiently may secure entry below replacement cost. The next step is to inspect, compare recent actual sales in the building, and confirm the body corporate’s health and any upcoming special levies. Comparable sales data not available in the provided information. A price below estimated value may indicate either a genuine entry opportunity or reflect softer demand in the building’s recent transactions. Independent verification of recent settled sales in Convesso is recommended to confirm the discount.